JBS N.V.

JBS

Market cap $41.2B

The world's largest meatpacker, is preparing to close a beef-processing plant in Pennsylvania, the latest facility to close as a cattle shortage in the U.S. squeezes meatpacking companies.

GREELEY, Colo., June 12, 2026 (GLOBE NEWSWIRE) -- JBS USA today announced the planned closure of two facilities in Pennsylvania and Tennessee. The company emphasized its commitment to supporting those affected as it makes targeted changes to strengthen operations for the future.

The parasitic fly has been detected in the U.S. for the first time in 60 years, putting pressure on an already shrinking cattle population.

JBS NYSE: JBS reported record first-quarter sales but lower profitability as executives said the global protein company faced difficult market conditions in U.S. beef, seasonal pressures, operational adjustments and shifting trade flows.

JBS N.V. (JBS) Q1 2026 Earnings Call Transcript

Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2% Operations in Brazil and Seara helped offset an extremely challenging environment in the United States; Beef North America margin was -3.2%

The Brazilian meatpacking conglomerate posted a first-quarter profit of $220.6 million, down from $500.2 million a year earlier.

The summer grilling season, smaller cattle herds, droughts, wildfires, processing-plant closures and other supply disruptions have helped push meat prices to record highs this year. Now, the U.S. government is investigating whether corporate consolidation is also at play.

GREELEY, Colo., April 13, 2026 (GLOBE NEWSWIRE) -- JBS USA Food Company Holdings announced today the total consideration payable in connection with its previously announced tenders offers (the “Tender Offers”) to purchase for cash a combined aggregate principal amount of up to $1,200,000,000 of the aggregate principal amount (the “Maximum Amount”) of its 6.750% Senior Notes due 2034 (the “2034 Notes”) and its 5.950% Senior Notes due 2035 (the “2035 Notes” and, together with the 2034 Notes, the “Notes”), subject to the terms and conditions of the Tender Offers.

Workers at JBS ratified a tentative two-year agreement with the world's largest meat company, ​covering nearly 3,800 workers at the JBS flagship beef ‌processing plant in Greeley, Colorado, according to statements from both the union and the company on Sunday.